Charitable Gift Annuities

You may be tired of living at the mercy of the fluctuating stock and real estate markets. A Charitable Gift Annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.

How it works

  1. You transfer cash or securities to Legacy Ministries Canada (Minimum $10,000).
  2. In exchange, we set up an annuity through our partner LinkCharity. The annuity pays you a monthly income for the rest of your life. The payment can be quite high depending on your age, and all or a large portion of each payment is tax-free.
  3. You receive a charitable tax receipt immediately of between 20-25% of your initial gift.
  4. At the end of your life, the Remainder of the Gift Annuity Capital goes directly into the Lord’s work.

Types of Charitable Gift Annuities

  1. Single Life Gift Annuities pays income for the duration of the life a specific person.
  2. Joint Gift Annuities are for two named persons and continue payments at the same level, to the surviving person for life, after the death of the other.
  3. Deferred Gift Annuities can be either single or joint. You can set up an annuity now with all of its benefits but elect to receive income at a later date, sometimes years down the road.

Note: Annuities are not suitable for people under 60 unless it is a deferred annuity.

Is a Charitable Gift Annuity right for you?

Contact Legacy Ministries Canada to find out more about Charitable Gift Annuities.